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What Exactly Does a Buyer’s Agent Do for You?

It’s not surprising that most people hire a real estate agent or broker to help them search for a home. Without one, they’ll have to learn and practice all at once, all the skills that experts spent years mastering. From searching for a property that fits the client’s budget, all the way to negotiating and closing the deal, the many duties and responsibilities of a real estate agent reflects the normally complex process of home buying.

As long as you choose a good real estate agent, you can expect this pro to provide all the help you need, all throughout your home-buying venture. But how in particular is that possible?

To help you buy a property, your agent has to be deeply knowledgeable of the business of real estate, including neighborhood conditions and amenities, price trends, laws, zoning and tax issues affecting real estate, insurance, negotiation and financing. He also has to be emotionally stable in order to handle the stresses that come with his job.

On your initial meeting, the agent will probably help you evaluate the viability of your wants and needs as a home buyer, particularly in terms of the kind of home and community you are eyeing. He will guide you in drawing up a pragmatic budget, exploring financing options, learning about present market conditions, and knowing what to expect while you shop around. As well, he will formulate a strategy or shopping plan, depending on what you need and how much you can afford, and market conditions prevailing in your target location.

While you go shopping for a home, you’ll need to meet with your agent to check out properties for sale and discuss many things, like a home’s selling points, the area’s crime rates, school zones, proximity to hospitals and entertainment centers, and the rest.

It will also be your agent who will handle disclosures, ensure that repairs and inspections are done, and coordinate with every professional involved in your purchase, such as your lawyer, roof inspector and lender. Should bargaining above the price be necessary, your agent will be your negotiator; and when you finally need to sign the closing documents, he will be there with you, ensuring that things are all in order. Each time you have questions or concerns, you can bring them up with your agent, who must be able to give you the right answers or clarification.